Cornerstone OnDemand Inc. (CSOD) Sets New 12-Month High at $46.86
Cornerstone OnDemand Inc. (NASDAQ:CSOD)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $46.86 and last traded at $46.72, with a volume of 928,800 shares changing hands. The stock had previously closed at $44.82.
CSOD has been the topic of several recent analyst reports. B. Riley restated a “buy” rating and set a $41.50 price objective on shares of Cornerstone OnDemand in a report on Tuesday, May 10th. Nomura reiterated a “buy” rating and issued a $44.00 price target (up previously from $40.00) on shares of Cornerstone OnDemand in a report on Friday, May 13th. Goldman Sachs Group Inc. began coverage on shares of Cornerstone OnDemand in a report on Monday, May 23rd. They issued a “buy” rating and a $43.00 price target on the stock. Zacks Investment Research upgraded shares of Cornerstone OnDemand from a “sell” rating to a “hold” rating in a report on Wednesday, August 10th. Finally, Bank of America Corp. reiterated a “buy” rating on shares of Cornerstone OnDemand in a report on Sunday, July 17th. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Cornerstone OnDemand has a consensus rating of “Buy” and a consensus target price of $45.33.
The firm’s market cap is $2.61 billion. The stock’s 50-day moving average price is $43.82 and its 200 day moving average price is $37.41.
In related news, CTO Mark Goldin sold 5,563 shares of the business’s stock in a transaction that occurred on Tuesday, July 5th. The stock was sold at an average price of $38.06, for a total transaction of $211,727.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Kirsten Maas Helvey sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 30th. The stock was sold at an average price of $44.00, for a total value of $110,000.00. Following the sale, the chief operating officer now owns 76,283 shares of the company’s stock, valued at approximately $3,356,452. The disclosure for this sale can be found here.
Cornerstone OnDemand, Inc (Cornerstone) is a provider of talent management solutions delivered as Software-as-a-Service (SaaS). Cornerstone’s Enterprise and Mid-Market solution is a cloud-based suite that addresses needs throughout the entire employee lifecycle, from recruitment, onboarding, training and collaboration, to performance management, compensation, succession planning and analytics.
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